MAY 08

Why Reputation Monitoring is Key to a strong Know Your Customer (KYC) program


All other Events(no CPF)




  08 May 2018 through 08 May 2018


  Aurora, Colorado, United States

Website URL:

Sponsoring organization:

  Training Doyens


  Business > Finance

Event description:

OVERVIEW A high number of complaints may suggest your business customer is engaging in Unfair, Deceptive or Abusive Acts and Practices (UDAAP). Harmful businesses don’t disclose a poor or declining reputation, yet this can signal that your business customer is engaged in anti-consumer behaviour. The Consumer Financial Protection Bureau (CFPB) is currently very focused on UDAAP, and is even targeting organizations that are not officially regulated by them. In addition, the Panama Papers leak is a recent example demonstrating how adverse media monitoring is an important tool to alert you about business customers that may be engaged in activities that don’t align to your risk profile. WHY SHOULD YOU ATTEND Learn about regulations and guidance surrounding monitoring the complaints against the business customers financial institutions and payment processors serve and how the CFPB is managing through consent orders. Realize the value of checking your business customers and the principals for various complaints and adverse media Learn best practices for taking a holistic approach to reputation monitoring to strengthen your KYC program. AREAS COVERED • Unfair, Deceptive or Abusive Acts and Practices (UDAAP) • Consumer Financial Protection Bureau (CFPB) Overview • Enforcement through Consent Orders • Spotlight on consumer complaints • Negative News • Regulations and Guidance • Reputation Monitoring best practices LEARNING OBJECTIVES Learn why it is critical to examine the reputation (complaints and negative news) of your customers (and their customers) to avoid damage to your institution. WHO WILL BENEFIT Financial institutions, payment processors, alternative payment providers – risk and compliance managers For more detail please click on this below link: Email: Toll Free: +1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882

Posting date:

19 April 2018
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